Rent controls
A) create a deadweight loss.
B) increase maintenance by landlords.
C) benefit people who live in rent controlled apartments.
D) Both answers A and C are correct.
E) Both answers B and C are correct.
D
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Compared to countries with less economic freedom, countries with more economic freedom
a. achieve higher per person income levels, but they also have higher poverty rates. b. grow more rapidly, but the income levels of the poor are largely unaffected by the higher growth rates of the freer economies. c. achieve both higher income levels per person and lower rates of poverty. d. grow less rapidly and experience higher poverty rates.
List the four determinants of an economy's productivity
GDP is a:
A. stock concept and refers to the market value of all output sold. B. flow concept and refers to the market value of all output sold. C. flow concept and refers to the market value of final output. D. stock concept and refers to the market value of final output.
Which of the following was not an objection raised by opponents of the Patient Protection and Affordable Care Act?
A. The revenue generated by the new taxes in the PPACA would be insufficient to cover costs of the program. B. The PPACA moves the United States closer to creating a national health insurance system with nonprice rationing of health care. C. The subsidies would lead to higher prices and increased consumption of health care. D. The percentage of health care spending coming directly out of consumers' pockets would increase.